Mariapolis, Manitoba Real Estate Market Data
Updated: Nov 2024
House
| Median price | $500,000 |
| Monthly growth | 1.2% |
| Quarterly trend | 3.5% |
| Stock on market | 0.8% |
Apartment
| Median price | $300,000 |
| Monthly growth | 0.9% |
| Quarterly trend | 2.1% |
| Stock on market | 1.2% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $400,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $600,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $250,000 |
| 2 bedrooms | $350,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,000 |
| Population Change | 7.1% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,500 |
| Population Density (per km²) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Mariapolis, Manitoba is currently experiencing steady growth. The median house price stands at $500,000, which reflects a year-over-year increase of 3.5%. This consistent upward trend indicates a healthy demand for housing in the area. Similarly, the median apartment price has reached $300,000, with a more modest year-over-year appreciation of 2.1%. This growth can be partly attributed to the robust population increase of 7.1%, which currently places the population at approximately 15,000 residents.
Investment Opportunities and Potential
The investment opportunities within Mariapolis are promising due to the continuous rise in property values. The steady housing price increase suggests that purchasing residential properties could yield substantial returns over time. As the population continues to grow, demand for housing is likely to drive further increases in property values and rental rates. Investors may find particular potential in multi-family units or apartment buildings, considering the rising median apartment prices and ongoing urbanization.
Future Market Outlook
Looking ahead, the Mariapolis real estate market is poised for continued growth. Population expansion at a rate of 7.1% is a strong indicator of sustained demand for housing. If these demographic trends continue alongside economic stability, it is reasonable to anticipate that both house and apartment prices may keep their upward trajectory. Therefore, this market holds favorable conditions for long-term investment with expectations of progressive asset appreciation.
